Brookfield Infrastructure Partners (NYSE:BIP – Get Free Report) (TSE:BIP.UN) released its quarterly earnings results on Thursday. The utilities provider reported ($0.10) earnings per share for the quarter, missing the consensus estimate of $0.70 by ($0.80), Zacks reports. The firm had revenue of $5.14 billion for the quarter, compared to the consensus estimate of $1.91 billion. Brookfield Infrastructure Partners had a net margin of 0.82% and a return on equity of 0.50%. The company’s revenue for the quarter was up 20.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.72 earnings per share.
Brookfield Infrastructure Partners Stock Down 2.2 %
Shares of Brookfield Infrastructure Partners stock traded down $0.69 on Friday, reaching $30.35. The company’s stock had a trading volume of 418,492 shares, compared to its average volume of 437,148. Brookfield Infrastructure Partners has a 52 week low of $21.03 and a 52 week high of $33.52. The firm’s fifty day simple moving average is $29.16 and its two-hundred day simple moving average is $29.46. The company has a market capitalization of $14.08 billion, a price-to-earnings ratio of 97.90 and a beta of 1.03.
Brookfield Infrastructure Partners Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, August 30th will be paid a dividend of $0.405 per share. The ex-dividend date is Friday, August 30th. This represents a $1.62 annualized dividend and a yield of 5.34%. Brookfield Infrastructure Partners’s dividend payout ratio is 522.58%.
Analyst Upgrades and Downgrades
Check Out Our Latest Stock Analysis on Brookfield Infrastructure Partners
Brookfield Infrastructure Partners Company Profile
Brookfield Infrastructure Partners L.P. owns and operates utilities, transport, midstream, and data businesses in North and South America, Europe, and the Asia Pacific. The company's Utilities segment operates approximately 2,900 km of electricity transmission lines; 4,200 km of natural gas pipelines; 8.1 million electricity and natural gas connections; and 0.6 million long-term contracted sub-metering services.
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